Stock Market Update
18-Sep-25 14:00 ET
Gold pulls back from record highs as Fed’s cautious cut boosts dollar
Dow +180.96
at 46199.07,
Nasdaq +235.08
at 22496.41,
S&P +38.91
at 6639.25
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+1.06%) is in first place on Thursday afternoon, up 235 points as we approach two hours left on the session.
Gold futures settled $39.50 lower (-1.1%) at $3,678.30/oz, as traders took profits after record highs and the dollar strengthened following the Fed's cautious rate-cut messaging. While the central bank delivered a 25 bps cut, Chair Powell stressed inflation risks and a gradual approach, tempering hopes for aggressive easing and sparking a corrective pullback.
Meanwhile, the U.S. Dollar Index is up about +0.3% to $97.34.
